Old National Bank Provides $27.09M Acquisition Financing For Storage Post's Self Storage Portfolio In Chicago

The asset involved in this transaction is a Self Storage Portfolio located at multiple addresses in Chicago: 2051 North Austin Avenue, 3245 W 30th St, 6331 N Broadway, 3215 W Lawrence Ave, and 5145 N Clark St. The portfolio encompasses a total square footage of 336,808 and is financed through a loan type categorized as Acquisition Financing, amounting to $27,091,000.

Summary of transaction details:

• Property Type: Self Storage Portfolio
• Transaction Amount: $27,091,000
• Loan Type: Acquisition Financing
• Lender: Old National Bank
• Landlord: Storage Post
• Brokers: Steven Klein, Robert Tonnessen & Phil Galligan - JLL

This transaction highlights the role of key participants, including the lender, Old National Bank, and the landlord, Storage Post. The brokers facilitating this deal are Steven Klein, Robert Tonnessen, and Phil Galligan from JLL, representing the respective parties involved.